In order to remain in compliance with all Federal and State laws, Plastiq will sometimes request additional customer information.
In Texas, our Services are offered by PLV Inc. DBA PLV TX Branch Inc., a subsidiary of Plastiq. PLV Inc. is a licensed money transmitter in the state of Texas (License #: 3139). As a money transmitter, PLV Inc. is required to collect certain information about our customers (including tax identification numbers) to meet record-keeping requirements (See 31 CFR § 1010.410(e)(2)(ii)). All customer information is stored securely using AES 256-bit encryption.
What does this mean?
If you add a card to your account and it has a billing address located in Texas, we will require you to provide your Social Security Number (SSN) before we allow you to use that card for payments.
What do I have to do?
We will prompt you to verify your account prior to submitting your first payment with that card.
To complete this requirement, click the “Verify Account” button on the payment review screen. You will be asked to provide your SSN. Once you have entered your SSN, complete payment by clicking the blue button on the payment review screen.